Las Vegas Sands (LVS) EBT (2009 - 2026)
Las Vegas Sands (LVS) recorded EBT of $454 million in Q3 2026, down 22.0% from $582 million a year earlier and down 1.5% from the prior quarter.
Las Vegas Sands (LVS) EBT (2009 - 2026) Analysis & Trends
On a TTM basis, Las Vegas Sands' EBT came in at $2.21 billion as of Sep 30, 2026, up 4.3% year-over-year; for FY2025, it came in at $2.21 billion, up 12.9% from FY2024.
- Across earlier years, EBT came in at $1.96 billion in FY2024 (+10.4%), $1.78 billion in FY2023, -$1.39 billion in FY2022 and -$1.47 billion in FY2021.
- The Q3 2026 figure is the lowest quarterly EBT since Q3 2024.
- On a year-over-year basis, EBT rose in four of the last eight quarters, with growth averaging 7.0%.
- Peak year-over-year performance for EBT in the last five years was growth of 207.7% in Q1 2024, against a decline of 29.4% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $461 million (Q2 2026), $748 million (Q1 2026) and $551 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 454.00 Mn |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | -1.24 Bn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 143.89 Mn |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | -71.86 Mn |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 42.34 Mn |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 21.89 Mn |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 33.67 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 167.00 Mn |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 111.00 Mn |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | -117.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 454.00 Mn |
| Jun 30, 2026 | 461.00 Mn |
| Mar 31, 2026 | 748.00 Mn |
| Dec 31, 2025 | 551.00 Mn |
| Sep 30, 2025 | 582.00 Mn |
| Jun 30, 2025 | 609.00 Mn |
| Mar 31, 2025 | 471.00 Mn |
| Dec 31, 2024 | 461.00 Mn |
| Sep 30, 2024 | 403.00 Mn |
| Jun 30, 2024 | 496.00 Mn |
| Mar 31, 2024 | 600.00 Mn |
| Dec 31, 2023 | 592.00 Mn |
| Sep 30, 2023 | 571.00 Mn |
| Jun 30, 2023 | 417.00 Mn |
| Mar 31, 2023 | 195.00 Mn |
| Dec 31, 2022 | -287.00 Mn |
| Sep 30, 2022 | -320.00 Mn |
| Jun 30, 2022 | -304.00 Mn |
| Mar 31, 2022 | -476.00 Mn |
| Dec 31, 2021 | -301.00 Mn |
Las Vegas Sands EBT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt&ticker=LVS&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=ebt&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();